Sep, 30, 2025 — SOUTHPOINT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SLEEPY EYE, MN with 8 branch locations and about $582.92 million in total assets. Opened 90 years ago in 1936, SOUTHPOINT FINANCIAL CREDIT UNION has about 33,811 members and employs 107 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHPOINT FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 924 Main St E SLEEPY EYE, MN 56085-4380 |
| Phone: | (877) 794-6712 |
| Fax: | (507) 794-5540 |
| Website: | https://www.southpointfinancial.com |
| Branches: | 8 branch locations |
| Members: | 33,811 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68667 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $582,922,048 |
| CEO/Manager: | Jay Gostonczik |
| Chairperson: | Adam C Seifert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,525,940 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 240,000 |
| Real Estate Loans | 290,872,974 |
| Unsecured Loans | 8,528,281 |
| Other Loans | 145,747,998 |
| TOTAL LOANS | 446,994,880 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,286,255 |
| Land And Building | 15,611,889 |
| Other Fixed Assets | 3,394,397 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,472,430 |
| All Other Assets | 88,100 |
| TOTAL ASSETS | 582,922,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,751,499 |
| Notes & Interest Payable | 24,786,699 |
| Accounts Payable & Other Liabilities | 4,257,628 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 92,560,227 |
| Regular shares | 78,199,423 |
| All Other Shares & Deposits | 317,878,398 |
| TOTAL SHARES & DEPOSITS | 488,638,049 |
| TOTAL LIABILITIES | 519,433,875 |
| Regular Reserve | 0 |
| Other Reserves | 1,928,440 |
| Undivided Earnings | 61,559,733 |
| TOTAL EQUITY | 63,488,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 582,922,048 |
| INCOME & EXPENSE | |
| Loan Income | 18,155,564 |
| Investment Income | 2,450,466 |
| Other Income | 1,975,540 |
| Total Employee Compensation & Benefits | 7,104,584 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,314,255 |
| Non-operating Income & (Expense) | -97,151 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 78,592 |
| Cost of Funds | 8,420,473 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,808,189 |
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